Alt: Planned termination of the restricted stock incentive plan in 2024 and repurchase and cancel shares.

date
26/12/2025
According to the announcement by Alte, due to changes in internal and external environment, it is expected that there will be deviations in the assessment indicators of the operating and incentive plans. The company plans to terminate the 2024 restricted stock incentive plan. On December 26, 2025, the relevant proposal has been approved by the board of directors, and still needs to be approved by the shareholders' meeting. The company will repurchase and cancel 2.9965 million shares of the first type of restricted stock at 6.13 yuan per share plus interest on the deposit for the same period. The funds will come from its own funds; canceling 3.0365 million shares of the second type of restricted stock. This termination will not have a significant impact on the company's daily operations and future development.